Cryptocurrencies Price Prediction: Ripple, Avalanche and Shiba – European Wrap 1 June

FXStreet Team FXStreet

Forget the SEC v Ripple lawsuit, these bullish fundamentals can help XRP price breakout

XRP price is recovering after the massive downswing that has been going on for more than a year. Unlike many altcoins, the remittance token is taking its sweet time to rally higher. However, the company Ripple seems to be doing well despite facing a war on multiple fronts.

Two bullish thesis coincide that Avalanche’s AVAX price can double

AVAX price is consolidating in a downward sloping channel, hinting at a volatile breakout soon. However, if the bulls need a rest first, a minor retracement might develop, allowing buyers to scoop up Avalanche at a discount, before triggering the next leg higher.

Shiba Inu burn rate plummets with Ryoshi disappearance, SHIB could crash like Terra’s LUNA

Shiba-Inu-themed meme coin's burn rate took a hit after the mysterious disappearance of SHIB founder Ryoshi. Experts at Finder believe that Shiba Inu could crash like Terra, as the project lacks usability.

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FXStreet Team

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Top 3 Price Prediction: BTC consolidates gains, ETH defends support, XRP nears breakout trigger

Bitcoin, Ethereum and Ripple begin the week on a constructive note as the top three cryptocurrencies attempt to extend rebounds after recovering nearly 4%, 2% and 2.6%, respectively. BTC steadies around $65,600, ETH continues to hold firmly above the key $1,700 support, while XRP nears the upper boundary of the falling channel pattern.

Ethereum Price Forecast: ETH struggles below $1,700 amid subdued on-chain users and capital outflows

Ethereum rises, albeit gradually, toward $1,700. The smart contract token reflects a marginal increase in buyers seeking to re-engage at lower price levels, following the massive drawdown from mid-May, which was largely driven by geopolitical tensions in the Middle East and macroeconomic uncertainty.

XRP clings to support as derivatives interest cools

Ripple hangs on to $1.14 support, extending its rebound from its early-week support at $1.10 and June’s low of $1.05. Maintaining this short-term support level is vital for the remittance token to preserve its bullish momentum, with a decisive breakout above $1.20 likely to signal further upside potential.

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels. Bitcoin hovers around $63,500 amid a capped upside. Ethereum eyes a breakout past $1,700, while XRP hovers above $1.40.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.